In a promising sign for the DeFi space, another project devotes itself to complete user compensation following an exploit
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Category: Flash loan
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Warp Finance reportedly loses up to $8M in flash loan attack
Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million
A decentralized finance (defi) protocol that bragged about having flash loan attack prevention has been exploited for $6 million in DAI, in a flash loan attack. Value Defi, a yield aggregating protocol, boasted of having the “highest security” in a Nov. 13 tweet that now appears to have been deleted. The protocol claimed that its […]
The post Defi Protocol That Bragged About Having Flash Loan Attack Prevention Hacked for $6 Million appeared first on Bitcoin News.
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Value DeFi protocol suffers $6 million flash loan exploit
After a boast about the protocol’s resiliency, Value DeFi loses $6 million to exploit
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Hackers Drain $2 Million in DAI From Defi Protocol Akropolis
Decentralized finance (defi) protocol Akropolis was on Thursday hacked for $2 million in DAI, in the latest flash loan attack to hit the nascent defi industry. The attacker pilfered the platform’s Ycurve pool in batches of $50,000 in the stablecoin DAI. This particular pool allows investors to trade stablecoins and earn interest. In a statement […]
The post Hackers Drain $2 Million in DAI From Defi Protocol Akropolis appeared first on Bitcoin News.
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